13 September 2011

Dilip Ratha and Sonia Plaza have a nice article in Finance & Development recommending a number of concrete actions for developing countries, the standouts for me being;

developing networks - there is a key role for embassies to play here, who could be doing a much better job at connecting with and engaging their diaspora (can they learn something from university alumni offices?)

allowing dual citizenship (make coming and going as easy as possible, and people will come more often - currently "only 21 of Africa’s 54 countries allow dual citizenship")

diaspora bonds (giving diaspora the opportunity to save their money by lending to the government and thus investing in their home country)

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"Because the consequences for human welfare involved in questions like these are simply staggering: Once one starts to think about them, it is hard to think about anything else." (Lucas 1988, On the Mechanics of Economic Development)

"The philosophers have hitherto only interpreted the world in various ways; the point however is to change it" (Marx 1888)

Roving Bandit is a reference to Mancur Olson, not because I think I'm some kind of badass.

"represent the material embodiment of market discourses that run through the capillary structures of orgs that conform contemporary neoliberal ed policy" -- Education International